Impact of Digital Payment Usage on Saving Behaviour: The Mediating Role of Financial Discipline

Digital payment systems have transformed everyday transactions through speed, accessibility and convenience, but their financial consequences depend on how people use them. In this exploratory study of young consumers, digital payment usage was positively related to saving behaviour, and this relationship was explained statistically by financial discipline: the indirect effect through discipline was significant, and the direct effect disappeared once discipline was controlled. The study therefore supports the view that technology and financial behaviour should be examined together. Digital payment convenience is associated with better saving mainly when it is accompanied by budgeting, monitoring and control of spending. Because of the small sample and the other limitations above, the findings should be treated as preliminary evidence and tested on a larger, more representative sample, ideally with longitudinal or experimental designs.

1. Azizah Kusuma Dewi (2025) — Financial Literacy and Digital Savings Behavior of Gen Z in the Fintech Era: A Systematic Literature Review. Journal of Banks and Financial Institutions, 1(2), 100–115. Link: Original article and DOI.   Journal of Banks and Financial Institutions 2. Mubarokah, S., Sari, P. P., & Kusumawardhani, R. (2024) — The Influence of Digital Financial Literacy on Saving Behavior Among Gen Z in Indonesia. Indonesian Journal of Economics, Business, Accounting, and Management, 2(5), 39–47. Link: Original article and DOI. journal.seb.co.id 3. Suwatno, S., Waspada, I., & Mulyani, H. (2021) — Forming Student’s Saving Behaviour through Financial Literacy, Parental Financial Education, and Self Control. Jurnal Pendidikan Akuntansi & Keuangan, 9(2), 127–136. Link: Original article and DOI. Jurnal Pendidikan Akuntansi & Keuangan 4. Citra, R. Y., & Komara, E. F. (2025) — Pengaruh Literasi Keuangan, Fintech Payment dan Perilaku Konsumtif terhadap Perilaku Pengelolaan Keuangan Pribadi Generasi Z di Jawa Barat. Jurnal Lentera Bisnis, 14(1), 696–708. Link: Original article and DOI. JURNAL LENTERA BISNIS 5. Umakanth et al. (2025) — Digital Finance and Gen Z: The Impact of Fintech on Modern Money Management. Publication details should be checked against the original record. Link: Research paper on Zenodo. Zenodo 6. Supriadi et al. (2023) — Study on digital wallet use and youth saving behaviour; your spreadsheet lists Jurnal Teknologi dan Sistem Komputer. Exact title and author details need confirmation. Link: Search for the original paper. 7. Zulfarina, Ismail, & Rahman (2022) — Study on digital financial literacy and saving behaviour among youth; your spreadsheet lists International Journal of Academic Research in Business and Social Sciences. Exact title and DOI need confirmation. Link: Search for the original paper. 8. Tatad et al. (2024) — Study on budgeting practices and financial behaviour in the Philippines; your spreadsheet lists Journal of Asian Economic Studies. Exact title and author details need confirmation. Link: Search for the original paper. 9. Wijaya et al. (2024) — Study on Generation Z financial planning in the post-pandemic period; your spreadsheet lists Journal of Youth Studies. Exact title and DOI need confirmation. Link: Search for the original paper. 10. Yu, Zhao, & He (2025) — Exploring the Dynamic Impact of Digital Financial Literacy on Rural Household Income: New Evidence from China. Sustainability, 17(8), 3385. Link: Original article and DOI.